Economic Development Specialist Salary

Earnings for Economic Development Specialists in the United States come in at around $47K per year on average. Women make up a slight majority of Economic Development Specialists (50 percent) survey respondents. Men make up a slight majority of Economic Development Specialists (50 percent) who responded to the survey. Medical benefits are awarded to almost all, and a fair number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.

$32,432 - $71,125
$32K
$47K
$71K
MEDIAN: $47,081
10%
50%
90%

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$16.54 - $40.45
$17
$20
$40
MEDIAN: $19.85
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$32,432 - $71,125  
   
Bonus
$0.00 - $2,990  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,189 - $71,365  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 72
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$16.54 - $40.45  
   
Overtime
$23.70  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $2,990  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,189 - $71,365  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 18

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Economic Development Specialist

  • Help individuals and companies achieve financial stability, business and economic growth, and other related economic opportunity goals.
  • Reach out to potential clients and track and report on their outcomes.
  • Develop strong knowledge of different resources that will help clients, such as various educational agencies; employment, health, and counseling services; and rules and regulations for community development projects.

Economic Development Specialist Job Listings

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Pay by Experience Level for Economic Development Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers with less than five years' experience earn around $45K on average, and those who have five to 10 years under their belts see a higher median salary of $47K. Economic Development Specialists see a median salary of $42K after reaching one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $85K.

Related Job Salaries

Key Stats for Economic Development Specialist

Gender

Female
50 %
Male
50 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
Less than 1 year
3%
1-4 years
62%
5-9 years
17%
10-19 years
10%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Economic Development Specialist Salaries

Late-Career
▲83%

Mid-Career
▲2%

National Average
$46,000

▼2%

Experienced
▼10%

Skills That Affect Economic Development Specialist Salaries

Government Grants
▲15%


Project Management
▲1%

National Average
$46,000

Grant Writing
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
3%
1-4 years
62%
5-9 years
17%
10-19 years
10%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 75%
vision benefits
Vision: 60%
dental benefits
None: 6%
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